Northern America: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Northern America

The North American goat hides and skins market shrank modestly to $X in 2021, falling by -3.3% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Northern America

In value terms, goat hides and skins production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 104% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

The countries with the highest volumes of production in 2021 were the United States (X tons) and Canada (X tons).

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +0.9%).

The average goat hides and skins yield rose to X kg per head in 2021, picking up by 1.5% on the previous year. Over the period under review, the yield, however, recorded a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2015 to 2021, the growth of the goat hides and skins yield remained at a lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in Northern America fell slightly to X heads, with a decrease of -4.1% compared with 2020. In general, the number of producing animals saw a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 8.6%. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports in Northern America

In 2021, approx. X tons of goat or kid hides and skins were exported in Northern America; growing by 25% against the year before. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports amounted to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 22%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States represented the main exporting country with an export of around X tons, which resulted at 61% of total exports. It was distantly followed by Canada (X tons), mixing up a 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +1.4%).

In value terms, the United States ($X) remains the largest goat hides and skins supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -10.0%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, falling by -11.4% against the previous year. Overall, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 66% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.2%).

Imports of Goat Or Kid Hides And Skins

Imports in Northern America

In 2021, after two years of decline, there was significant growth in overseas purchases of goat or kid hides and skins, when their volume increased by 11% to X tons. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports expanded rapidly to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States represented the main importing country with an import of about X tons, which accounted for 75% of total imports. It was distantly followed by Canada (X tons), comprising a 24% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into the United States stood at -21.4%. Canada (-10.0%) illustrated a downward trend over the same period. While the share of Canada (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-15.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021.

Canada, with a CAGR of -5.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with a decrease of -5.1% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the import price increased by 90%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.4%).

Source: IndexBox Platform

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